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URC institution graduates lead business start-ups

October 9, 2013


Graduates of Michigan's University Research Corridor (URC) - made up of Wayne State University, University of Michigan and Michigan State University - start or acquire businesses at double the national average rate among college graduates. They were also 1.5 times as successful as the average U.S. business owner at keeping those start-ups and acquisitions operating in the past five years. Jeff Mason, executive director of URC, says the three universities are doing more every year to promote an entrepreneurial spirit among faculty, students, and alumni, "both because they see the demand from students, but also believe that it's the right thing to do," he says. In related news, a Nobel Prize in physics has been awarded to Peter Higgs and Francois Englert for their work developing the theory of what is known as the Higgs field, which gives elementary particles mass. A team of Wayne State University researchers played a significant role in the experimental aspects of the discovery.